Yuguda: CBN's New Deputy Governor

President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), subject to confirmation by the Senate.

This was contained in a press release signed by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, on Wednesday.

The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act 2007.

Yuguda’s nomination follows the recent appointment of the erstwhile Deputy Governor, Bala Bello, as Special Adviser to the President on Political Economy.

President Tinubu charged the appointees to discharge their responsibilities with renewed dedication, professionalism and commitment to Nigeria’s economic stability and growth.

Yuguda last served as Director-General of the Securities and Exchange Commission Nigeria from 2020 to 2024.

He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy, and later obtained a Master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom, in 1991.

A Fellow of the Institute of Chartered Accountants of Nigeria and a CFA charterholder, Yuguda began his career at the Central Bank of Nigeria in 1984 as a Senior Supervisor in the Foreign Operations Department.

He later worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001 before returning to the CBN. He retired from the bank in 2016 after serving as Director of the Reserve Management Department for six years.